Filed: 7/1/2025ACC: 0001636661-25-000005
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 287 equity positions with a total reported market value of $7.08B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
287
Positions
$7.08B
Total AUM (reported)
88.25M
Total Shares
Allocation by class
COM$7.08B100.0%
Portfolio Concentration
Top 3$553.57M7.8%
4–10$1.04B14.7%
11–25$1.87B26.5%
Rest$3.61B51.0%
Top 3 weight
7.8%
Top 10 weight
22.6%
Voting Authority Distribution
Total shares with voting rights: 88.25M
Sole
Full voting authority
83.05M
shares
% of voting shares94.1%
Shared
Joint voting authority
3.77M
shares
% of voting shares4.3%
None
No voting authority
1.44M
shares
% of voting shares1.6%
Investment Discretion (by position count)
Sole287
Shared0
Other0
Dominant voting typeSole · 94.1% of voting shares
Institutional Holdings287
Rows:
iShares 0-3 Month Treasury Bon
SOLEShares2.37M
TypeSH
Market value$238.64M
3.37%
Sole
2.36M
Shared
0.00
None
8.80K
Chubb Ltd.
SOLEShares548.33K
TypeSH
Market value$158.86M
2.24%
Sole
546.44K
Shared
0.00
None
1.89K
Snap-on Inc.
SOLEShares501.53K
TypeSH
Market value$156.07M
2.21%
Sole
499.97K
Shared
0.00
None
1.56K
Paychex Inc.
SOLEShares1.04M
TypeSH
Market value$151.95M
2.15%
Sole
1.04M
Shared
0.00
None
3.33K
Northern Trust Corp.
SOLEShares1.18M
TypeSH
Market value$150.20M
2.12%
Sole
1.18M
Shared
0.00
None
3.72K
Progressive Corp.
SOLEShares561.62K
TypeSH
Market value$149.87M
2.12%
Sole
559.94K
Shared
0.00
None
1.68K
Analog Devices Inc.
SOLEShares625.89K
TypeSH
Market value$148.98M
2.10%
Sole
623.96K
Shared
0.00
None
1.94K
Linde plc
SOLEShares316.44K
TypeSH
Market value$148.47M
2.10%
Sole
315.35K
Shared
0.00
None
1.09K
WEC Energy Group Inc.
SOLEShares1.42M
TypeSH
Market value$147.87M
2.09%
Sole
1.41M
Shared
0.00
None
4.57K
Broadridge Financial Solutions
SOLEShares597.54K
TypeSH
Market value$145.22M
2.05%
Sole
595.49K
Shared
0.00
None
2.06K
Southern Co.
SOLEShares1.58M
TypeSH
Market value$145.04M
2.05%
Sole
1.57M
Shared
0.00
None
4.93K
Lockheed Martin Corp.
SOLEShares300.10K
TypeSH
Market value$138.99M
1.96%
Sole
299.17K
Shared
0.00
None
932.00
Fastenal Co.
SOLEShares3.28M
TypeSH
Market value$137.76M
1.95%
Sole
3.27M
Shared
0.00
None
9.26K
Diageo plc
SOLEShares1.35M
TypeSH
Market value$136.22M
1.92%
Sole
1.35M
Shared
0.00
None
4.19K
Home Depot Inc.
SOLEShares351.14K
TypeSH
Market value$128.74M
1.82%
Sole
350.05K
Shared
0.00
None
1.09K
Hershey Co.
SOLEShares764.39K
TypeSH
Market value$126.85M
1.79%
Sole
761.87K
Shared
0.00
None
2.53K
Fidelity National Financial In
SOLEShares2.18M
TypeSH
Market value$122.16M
1.73%
Sole
2.17M
Shared
0.00
None
7.33K
American Water Works Co. Inc.
SOLEShares875.48K
TypeSH
Market value$121.79M
1.72%
Sole
872.64K
Shared
0.00
None
2.84K
Chevron Corp.
SOLEShares845.63K
TypeSH
Market value$121.09M
1.71%
Sole
842.78K
Shared
0.00
None
2.85K
Cisco Systems Inc.
SOLEShares1.74M
TypeSH
Market value$120.65M
1.70%
Sole
1.73M
Shared
0.00
None
5.46K
Colgate-Palmolive Co.
SOLEShares1.31M
TypeSH
Market value$118.99M
1.68%
Sole
1.30M
Shared
0.00
None
4.22K
Oracle Corp.
SOLEShares523.57K
TypeSH
Market value$114.47M
1.62%
Sole
522.41K
Shared
0.00
None
1.16K
Entergy Corp.
SOLEShares1.38M
TypeSH
Market value$114.29M
1.61%
Sole
1.37M
Shared
0.00
None
4.40K
Clorox Co.
SOLEShares941.51K
TypeSH
Market value$113.05M
1.60%
Sole
938.43K
Shared
0.00
None
3.08K
Kinder Morgan Inc.
SOLEShares3.84M
TypeSH
Market value$112.94M
1.60%
Sole
3.83M
Shared
0.00
None
12.48K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
iShares 0-3 Month Treasury BonSOLE | COM | 2.37M | SH | $238.64M 3.37% | 2.36M | 0.00 | 8.80K |
Chubb Ltd.SOLE | COM | 548.33K | SH | $158.86M 2.24% | 546.44K | 0.00 | 1.89K |
Snap-on Inc.SOLE | COM | 501.53K | SH | $156.07M 2.21% | 499.97K | 0.00 | 1.56K |
Paychex Inc.SOLE | COM | 1.04M | SH | $151.95M 2.15% | 1.04M | 0.00 | 3.33K |
Northern Trust Corp.SOLE | COM | 1.18M | SH | $150.20M 2.12% | 1.18M | 0.00 | 3.72K |
Progressive Corp.SOLE | COM | 561.62K | SH | $149.87M 2.12% | 559.94K | 0.00 | 1.68K |
Analog Devices Inc.SOLE | COM | 625.89K | SH | $148.98M 2.10% | 623.96K | 0.00 | 1.94K |
Linde plcSOLE | COM | 316.44K | SH | $148.47M 2.10% | 315.35K | 0.00 | 1.09K |
WEC Energy Group Inc.SOLE | COM | 1.42M | SH | $147.87M 2.09% | 1.41M | 0.00 | 4.57K |
Broadridge Financial SolutionsSOLE | COM | 597.54K | SH | $145.22M 2.05% | 595.49K | 0.00 | 2.06K |
Southern Co.SOLE | COM | 1.58M | SH | $145.04M 2.05% | 1.57M | 0.00 | 4.93K |
Lockheed Martin Corp.SOLE | COM | 300.10K | SH | $138.99M 1.96% | 299.17K | 0.00 | 932.00 |
Fastenal Co.SOLE | COM | 3.28M | SH | $137.76M 1.95% | 3.27M | 0.00 | 9.26K |
Diageo plcSOLE | COM | 1.35M | SH | $136.22M 1.92% | 1.35M | 0.00 | 4.19K |
Home Depot Inc.SOLE | COM | 351.14K | SH | $128.74M 1.82% | 350.05K | 0.00 | 1.09K |
Hershey Co.SOLE | COM | 764.39K | SH | $126.85M 1.79% | 761.87K | 0.00 | 2.53K |
Fidelity National Financial InSOLE | COM | 2.18M | SH | $122.16M 1.73% | 2.17M | 0.00 | 7.33K |
American Water Works Co. Inc.SOLE | COM | 875.48K | SH | $121.79M 1.72% | 872.64K | 0.00 | 2.84K |
Chevron Corp.SOLE | COM | 845.63K | SH | $121.09M 1.71% | 842.78K | 0.00 | 2.85K |
Cisco Systems Inc.SOLE | COM | 1.74M | SH | $120.65M 1.70% | 1.73M | 0.00 | 5.46K |
Colgate-Palmolive Co.SOLE | COM | 1.31M | SH | $118.99M 1.68% | 1.30M | 0.00 | 4.22K |
Oracle Corp.SOLE | COM | 523.57K | SH | $114.47M 1.62% | 522.41K | 0.00 | 1.16K |
Entergy Corp.SOLE | COM | 1.38M | SH | $114.29M 1.61% | 1.37M | 0.00 | 4.40K |
Clorox Co.SOLE | COM | 941.51K | SH | $113.05M 1.60% | 938.43K | 0.00 | 3.08K |
Kinder Morgan Inc.SOLE | COM | 3.84M | SH | $112.94M 1.60% | 3.83M | 0.00 | 12.48K |
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